| Element List | Explanation |
|---|---|
| Introduction | National Industrialization Co. Announces the Results of the 22nd Extraordinary General Assembly Meeting, (Second Meeting) |
| City and Location of the General Assembly's Meeting | The Head Office in Riyadh city – remotely via modern technology |
| Date of the General Assembly's Meeting | 2025-05-11 Corresponding to 1446-11-13 |
| Time of the General Assembly’s Meeting | 21:00 |
| Percentage of Attending Shareholders | 42.60% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following Board members: 1- Eng. Mubarak Abdullah Al Khafrah (Chairman). 2- Eng. Talal Ibrahim Al Maiman (Vice Chairman). 3- Mr. Musaab Sulaiman Al Muhaidib. 4- Mr. Saud Sulaiman Al Juhani. 5- Eng. Abdulrahman Sulaiman Al Sayyari. 6- Eng. Abdullatif Khalifah Al Melhem. . 7- Eng. Mutlaq Hamad Al Morished. 8- Mr. Fahad Abdulrahman Al Mishal. 9- Mr. Ahmed Naja Al Theabi. Didn’t Attend: 1- Mr. Bader Ali Al Dakhil |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The meeting was attended by the following Committees’ Chairmen: 1. Eng. Mubarak Abdullah Al Khafrah (Chairman of Executive Committee) 2. Mr. Sami Abdulaziz Al Sheneiber (Chairman of Audit Committee) 3. Eng. Abdulrahman Sulaiman Al Sayyari (Chairman of Nomination and Renumeration Committee) 4. Mr. Saud Sulaiman Al Juhani (Chairman of Risk and Governance Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Review and discuss the Board’s report for the fiscal year ending on 31/12/2024. 2- Review and discuss the Company’s consolidated financial statements for the fiscal year ending on 31/12/2024. 3- Approve the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2024 after discussion. 4- Approve the appointment of Price Waterhouse Coopers (PwC) as external auditor, based on the recommendation of the Audit Committee; to examine, review and audit the financial statements for the second and third quarters as well as the annual statements for the fiscal year 2025 and for the first quarter of the year 2026 with amount of SR 832,500. 5- Approve on the business and contracts concluded between National Industrialization Petrochemicals Marketing Co. (TASNEE subsidiary company) and Non-Woven Industrial Fabrics Company, in which the Chairman of the Board Eng. Mubarak Abdullah Al-Khafrah has an indirect interest. The transactions include various purchase orders for polypropylene materials. The total purchase during the fiscal year 2024 amounted to SAR 22,539,825 and there are no preferential conditions. 6- Approve on the election of the Members of Board of Directors for the next Board term starting on 06/07/2025 and ending on 05/07/2029, for the period of four years. They are: 1- Abdulaziz Al Mulhim 2- Talal Al Maiman 3- Abdularahman Al Sayyari 4- Ahmad Al Humaidan 5- Mohammed Al Haqbani 6- Fahad Al Mishal 7- Fawaz Al Fawaz 8- Musaab Al Muhaidib 9- Ahmed Al Theabi 10- Muath Al Zamil 7- Approve the amendment of Article (4) of the company’s bylaws, related to the Activities of the company. 8- Approve adding a new article to the company’s Bylaw regarding the company’s purchase, sale, or mortgage of its shares. 9- Approving the company’s purchase of a number of its shares with a maximum of (66,891,416) shares and keep them as treasury shares, as the Board of Directors considers that the share price in the market is less than its fair value, and the purchase will be financed from the company’s own resources, and authorizing the Board of Directors to complete the process Purchase within a maximum period of 18 months from the date of the decision of the extraordinary general assembly, and the company will keep the purchased shares for a maximum period of (5) years from the date of approval of the extraordinary general assembly, and after the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations. 10- Approving paying an amount of SAR 3,500,000 as remuneration to the Board members for the fiscal year ending on 31/12/2024. 11- Approving the discharge of the members of the Board of Directors for the fiscal year ended 31/12/2024. |
